AngelPad
Encyclopedia
AngelPad is an American seed-stage startup
incubator
, launched in September 2010 by seven former Google
employees. AngelPad provides mentorship, seed money
, and networking at two 10-week courses per year.
AngelPad attracted attention in August 2011 after announcing that each of its startups will have the option to accept $100,000 from two venture capital firms at the start of their class.
The incubator has often been compared to Y Combinator
because of the talent and the investors it attracts.
Fewer than 15 startups were selected out of a pool of 800 applicants for the Winter 2011 class, for an acceptance rate of 1.9%.
, Shopobot and Astrid.
Startup company
A startup company or startup is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets...
incubator
Business incubator
Business incubators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts...
, launched in September 2010 by seven former Google
Google
Google Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
employees. AngelPad provides mentorship, seed money
Seed money
Seed money, sometimes known as seed funding, friends and family funding or angel funding , is a securities offering whereby one or more parties that have some connection to a new enterprise invest the funds necessary to start the business so that it has enough funds to sustain itself for a period...
, and networking at two 10-week courses per year.
AngelPad attracted attention in August 2011 after announcing that each of its startups will have the option to accept $100,000 from two venture capital firms at the start of their class.
The incubator has often been compared to Y Combinator
Y Combinator
Y Combinator is an American seed-stage startup funding firm, started in March 2005. Y Combinator provides seed money, advice, and connections at two 3-month programs per year...
because of the talent and the investors it attracts.
Program
The program consists of ten weeks of mentorship, brainstorming, fundraising, and pragmatic advice, concluding with a "Demo Day" in which companies present their value propositions and ideas to hundreds of investors.Application Process
The application process consists of a written application, starting on the incubator's website.Fewer than 15 startups were selected out of a pool of 800 applicants for the Winter 2011 class, for an acceptance rate of 1.9%.
Notable portfolio companies
Though the program is only a year old, several AngelPad companies have already attracted subsequent rounds of investment. The companies are: EggCartel, MoPub, Crittercism, CoverHoundCoverHound
CoverHound is a startup company that has developed a platform for consumers to shop for car insurance. The CoverHound site lets users see the best offers from top insurance carriers before selecting a car insurance policy. The company was founded in May 2010 by Basil Enan, a former executive at...
, Shopobot and Astrid.